Forex Profit Monster Results - September 2011

Here we go... into another Fall of economic uncertainty. What's going on in Europe... is the stock market heading for free-fall... is the U.S. Dollar finally going to collapse... is Gold a bubble about to burst or is it picking up a head of steam to the upside again???

If you find yourself asking these questions and allowing your opinion (or other's opinions) about these situations to either make your trading decisions for you or make you freeze up and unable to make a trading decision, then you are trading without a plan.

To be a successful trader you MUST have a plan in the form of a resilient trading system. I developed Forex Profit Monster in 2006 and have been trading it on a live account since 2007. That's almost 5 years... and even though FPM doesn't win every month (no trading system does... if someone tries to tell you theirs does you need to run the other way) it has kept my losses and drawdowns to a minimum and delivered relatively steady profits over time. The month of September was no exception, with a win of over 2,200 pips. This extraordinary month puts me at a new high for total pips won and more importantly, at a new high in my account balance! It has also almost doubled the pip total for the year... all in all a great month!

Here are the details for September:

16 trades

8 wins: 2,756 pips
8 losses: 529 pips

Total pips: +2,227

Avg win: 344
Avg loss: 66
Avg risk/reward: 5.21 to 1

Win rate: 50%


And the breakdown of results by currency pair traded on the 4 Hour chart:

GBP/JPY 1W, 0L +620
GBP/USD 1W, 1L +620
EUR/USD 2W, 0L +589
EUR/JPY 2W, 1L +434
USD/CHF 1W, 2L +153
USD/JPY 1W, 0L +17
AUD/USD 0W, 1L (-92)
USD/CAD 0W, 3L (-114)


And the totals for 2011 so far:

January (-35)
February (-334)
March +869
April +2,168
May +503
June (-811)
July +225
August +221
September +2,227

That's a total of 5,033 pips so far in 2011, and an average per month of +559 pips.

For more information about Forex Profit Monster (and my day trading system Forex Day Monster), visit the website at http://www.forexprofitmonster.com/.

To purchase either (or both) systems at a discount, visit my eBay page at http://myworld.ebay.com/jimsgr8stuff4less/ where I list one or two systems per week at a discount.

Best of luck in your trading!

Jim
http://www.forexprofitmonster.com/
http://myworld.ebay.com/jimsgr8stuff4less/